Average Salary of a Data Scientist

There is a lot of confusion in the data science Job, as it is relatively new profession. We have got a lot of queries about Data Scientist salary and there career path. In this blog will talk about the how data scientist came into a picture and what is the starting salary for this job.

Statistics state that history’s most unbalanced demand and supply ratio is seen today in the Big Data Industry. It is known that in the U.S.A there would soon be a shortage of around 140,000-190,000 professionals, with the required skill set for data analytics. With a tsunami like amount of information being generated by firms on a daily basis, it becomes difficult to for them to make sense of it.

This is where the Data Scientist or the Data Analyst comes into the picture. These are individuals equipped with a certain skill set, who can take all this information or more popularly known as data and make sense of it. They work with great volumes of data sets, study them and generate various insights which help the company prosper.

As this is a fairly new thing, there are a lot of areas which are clearly out of focus. There has been no clear distinction between the two terms ‘Data Scientist’ and ‘Data Analyst’ and people still haven’t had any clear cut idea about what is meant by either Hadoop or SAS Programming and so on.

As this field needs a specific skill set like statistics, an eye for drawing out the patterns, being great at analysis and exceptional at programming knowledge; makes the number of professionals apt for this job very limited. The fact that there has been a rising demand in the firms for Data Scientists, states that the career prospects in this field have grown exponentially.

It is believed that the field of Data Analytics would be further divided into three different categories. These would be for professionals who would be good at coding and creating languages to sort the data, people possessing exemplary statistical skills and those who have an eye for drawing traits and patterns from the same.

With the Data Analytics Industry becoming dynamic by the day, the prospects for someone looking to make it their career are really high. The average salary of a Data Scientist starting into this industry can range from 3lakh-4lakh and can go onto 12lakh- 20lakh per annum.

There are a lot of courses offered in Data Analytics today, whereby any aspirant can get trained in various data analytics tools like R Programming, Python, SAS Programming, Big Data Hadoop and many others.